As global markets show signs of recovery and investor sentiment improves, Sweden’s technology sector stands out with promising growth potential. In this context, identifying high-growth technology stocks means looking for companies that demonstrate strong innovation, solid financial strength and the ability to capitalize on emerging market trends.

The 10 fastest growing technology companies in Sweden

Click here to see the full list of 81 stocks from our Swedish high-growth technology and AI stocks screener.

Here we highlight a subset of our favorite stocks from the screener.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Acast AB (publ) is a podcasting company with offices in Europe, North America and worldwide and a market capitalization of SEK 3.06 billion.

Operations: Acast AB (publ) generates its revenue primarily from podcast advertising and content distribution services. The company operates in Europe, North America and other international markets.

Acast, a Swedish technology company, is poised for significant growth. Its revenue is expected to grow 17.2% annually, outperforming the overall market at 1.1%. Although the company is not currently profitable, earnings are expected to grow 160.3% annually over the next three years. The company’s focus on podcasts and audio content positions it well in an expanding industry segment. With significant investments in research and development to improve platform features and user experience, Acast shows strong potential for future profitability and market impact.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: HMS Networks AB (publ) offers products that enable industrial equipment to communicate and exchange information worldwide, with a market capitalization of SEK 20.74 billion.

Operations: HMS Networks AB (publ) generates its revenue primarily from wireless communication devices, which amounted to SEK 3.01 billion. The company focuses on enabling industrial devices to communicate and exchange information globally.

HMS Networks, a Swedish technology company, is experiencing remarkable growth. Revenue is expected to grow by 12.2% annually, outperforming the overall market at 1.1%. Despite a recent drop in net profit from SEK 116 million to SEK 34 million in the second quarter of 2024, the company’s earnings are expected to grow at an impressive rate of 26.3% per year. Significant R&D investments have been made, amounting to SEK 112 million last year, with a focus on improving industrial communication solutions that could drive future profitability and market positioning.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: NCAB Group AB (publ) manufactures and sells printed circuit boards (PCBs) in Sweden, the Nordic region, the rest of Europe, North America and Asia with a market capitalization of SEK 13.65 billion.

Operations: NCAB Group AB (publ) generates its revenue primarily through the sale of printed circuit boards (PCBs), with Europe (SEK 2.02 billion) making a significant contribution, followed by the Nordic region (SEK 777 million), North America (SEK 767 million) and East Asia (SEK 206 million). The company operates in several regions and uses its market presence to increase sales.

NCAB Group, a Swedish technology company, is forecast to grow its earnings by 18.4% annually, outperforming the overall market at 16.1%. Despite a recent decline in Q2 2024 net profit by 7.3% to SEK 73.4 million and a year-on-year decline in revenue from SEK 1,066.2 million to SEK 936.3 million, the company has been buying back shares over the past year, which may indicate confidence in its future prospects. With its R&D spending of SEK 112 million last year focused on advanced PCB solutions, NCAB aims to increase its competitive advantage and drive future growth in the electronic components industry.

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This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.

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